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Post-COVID Mortgage Broking Tips

23rd Nov, 2021 | First Home Buyer, Investor

In this article:
Wondering what the permanent post-pandemic changes within the mortgage broking space are? Let’s find out.

 Despite the massive challenges the pandemic posed, it provided great opportunities for strengthening our relationships with you. With vaccination rates at high double-digit levels, we are gradually moving towards putting the pandemic behind us. Here’s a look at permanent post-pandemic changes within the mortgage broking space.

 

Flexibility

While virtual collaboration served as a means to continue business and support clients remotely during the pandemic, it is here to stay. We understand that existing and prospective borrowers would like the convenience and choice to opt between virtual and in-person interactions. As your mortgage broker, we will ensure that we offer you this flexibility and are fully equipped to support you remotely.

 

Optimal Turnaround times

With property stock moving at its current pace and prices surging at double-digit yearly figures, everyone is looking for timely finance to ensure they don’t miss out on a good property deal. Use remote collaboration and selection of the right lender to your advantage. A lender with a good turnaround time will ensure a hassle-free submission process and timely settlement.

 

Personalisation

With many borrowers losing jobs during the pandemic and many shifting to ‘gig employment’ permanently, securing the right home loan now depends a lot on individual borrower circumstances. Add to this a more complex post-covid landscape. As your mortgage broker, we will invest our time in understanding you goals and challenges. Selecting the right lender that provides solutions for niche challenges is also crucial. 

 

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Trust

With many borrowers going through very challenging financial circumstances during the pandemic, trust is another deciding factor. As a mortgage broker, we will offer you an additional layer of protection through ‘Best Interest Duty’ that lenders don’t. For tips on explaining the concept of ‘Best Interest Duty’ to borrowers, click HERE.

 

Finally, the right home loan product is just as important as the correct understanding of the borrower’s challenges and goals and we will ensure that we are with you from the beginning to the end. 

To speak to a YBR Mortgage Broker, click HERE.